Regional Economics Commons^™

Borderplex Business Barometer, Volume 6, Number 7, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Attenuation Of Agglomeration Economies: Evidence From The Universe Of Chinese Manufacturing Firms, Li Jing, Liyao Li, Shimeng Liu

Research Collection School Of Economics

This paper quantifies industry-specific spatial attenuation of agglomeration economies by taking advantage of unique geocoded administrative data on the universe of Chinese manufacturing firms. The estimates of industry-level attenuation speed further allow us to systematically assess the goodness of fit of various spatial decay functional forms and to evaluate the micro-foundations that govern the decay patterns across industries. We obtain three main findings. First, agglomeration spillovers attenuate by about 90 percent on average from 0-1 km to 1-5 km in China, with large heterogeneity in the extent of attenuation ranging from 73 percent to 116 percent across industries. Second, the …

Mexico Consensus Economic Forecast, Volume 25, Number 3, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Unique Conference Design Showcases Small Towns, Highlights Entrepreneurs, And Strengthens Capacity, Carey Andrew Northrop Mr., Katherine M. Jamieson Mrs., Parker B. Jones, Mary A. Reilly, Tyler Augst

Journal of Extension

Michigan State University Extension (MSUE)’s annual conference, Connecting Entrepreneurial Communities (CEC), has served as a catalyst for entrepreneurial ecosystems across Michigan since 2012. Designed by MSUE for small towns, CEC has gained national interest as evidenced by the adoption of this conference model by four other Extension services. This article outlines the unique conference design, details the partnership between Extension and host communities, and explores conference evaluation data validating the need to continue this programming. Lessons learned and successes to date are provided to ensure readers learn the value this unique conference format has in Extension entrepreneurship programming nationally.

Spatial Effects Of Broadband Infrastructure On China’S Regional Innovation, Guomin Li, Liang Ding, Sheng Chen, Tufan Tiglioglu

Pennsylvania Economic Review

This paper empirically studies the impact of broadband infrastructure on regional innovation and the related spatial effects, using China's provincial data from 2006 to 2016. The findings show that China’s broadband infrastructure positively impacts regional innovation, indicating a significant spatial spillover effect among adjacent regions. The results of the panel SARAR model indicate that broadband infrastructure has a national wide space aggregation effect and further suggests that regionally, broadband infrastructure will significantly absorb innovation from the adjacent region and promote the spatial aggregation of innovation in economically developed areas.

Essays On Intergenerational Mobility In Education, Ercio A. Munoz Saavedra

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that investigate intergenerational mobility in education in Chile, and Latin America and the Caribbean.

Chapter 1: In this chapter, I estimate intergenerational mobility (IGM) in education using data from 91 censuses that span 24 countries in Latin America and the Caribbean (LAC) over half a century. I measure upward mobility as the likelihood of obtaining at least a primary education for individuals whose parents did not finish primary school, whereas downward mobility as the likelihood of failing to complete primary education for individuals whose parents completed at least primary school. In addition, I …

Constructing Indonesian Digital Economy Index In Determining Economic Policy Priorities Amidst The Covid-19 Pandemic, Diah Rukmana Sari, Nasrudin Nasrudin

Economics and Finance in Indonesia

The constant increase in the number of internet users in Indonesia amid a sluggish economy caused by the Large-Scale Social Restriction (PSBB) policy is a great opportunity for a digital-based economy. However, the unavailability of relevant macroeconomic statistical measurements inhibits the digital economy from being determined as a policy priority amidst the Covid-19 pandemic. This study offers an alternative measurement of the digital economy of Indonesia by establishing Digital Economy Index (DEI). This study discovers that digital economic activities in Indonesia have grown rapidly with an average growth of almost nine percent quarterly. On the other hand, this study also …

Borderplex Business Barometer, Volume 6, Number 6, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Nebraska Monthly Economic Indicators: May 25, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 1.85% during April 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals that the Nebraska economy will continue to grow through the 4th quarter of 2022. The indicator improved for three primary reasons. First, there was a sharp increase in airline passenger enplanements in April as that industry continues to recover. Second, initial claims for unemployment insurance fell, signaling a strong Nebraska labor market. Third, respondents to the April Survey of Nebraska Business reported plans to increase sales and employment. There also was a modest …

Workforce Development: A Comparative Analysis Of Community College Governance And Funding In The Mountain West And Policy Proposals For Nevada, Peter Grema

Student Research

Nevada experienced one of the worst economic downturns in the nation following the onset of the COVID-19 pandemic, which exposed the vulnerability of Nevada workers. In his 2021 State of the State address, Governor Steve Sisolak highlighted aligning the state’s workforce development capacity with community colleges to best leverage federal funding and statewide infrastructure for jobs training and economic recovery. In addition, he said, “I will be asking the Legislature to work with the Nevada System of Higher Education over the next two years to develop a framework transitioning Nevada’s community colleges to a new independent authority that will focus …

Sustainable Rural Development: Is It Possible To Boost Rural Economies While Protecting The Environment?, Jack M. Hempleman

Undergraduate Theses, Capstones, and Recitals

Amidst rapid depletion of our carbon budget, the need to change our practices to be more in line with Earth’s limits has become important in every sector of our economy. From advances in renewable energy generation to the growth of urban gardening, people around the world are taking action to change the way they interact with our planet. However, growing concerns have been raised that protections for the environment will disproportionately harm struggling communities. For instance, rural communities in the United States already exhibit disproportionately high poverty rates, income inequality, and unemployment, as well as lower quality healthcare and public …

To Be Or Not To Be: An Assessment Of Latin American Airport Infrastructure And The Creation Of An Airport Infrastructure Index, Jess Elisha Cooley

Honors Theses

Latin American transport infrastructure underperforms the global standard across the board, and previous research indicates that deficient infrastructure deters economic and social development (Fay 2007). Using multiple research methods, this thesis explores how transport infrastructure relates to the economic global competitiveness of a nation. More specifically, the quantitative research includes regression analyses with quantity of varying infrastructure types (airports, roadways, railways, and navigable waterways) and the creation of an airport infrastructure index. The index attempts to determine what dimensions of airport infrastructure truly reflect “good infrastructure” because Latin America has a relatively large quantity of airports. As infrastructure mechanisms are …

Strengthening The Southern Nevada Workforce Pipeline, Katie M. Gilbertson

Student Research

Workforce development has been a keystone in the discussion of economic diversification of Las Vegas for decades. The leisure and hospitality industry is the lifeline for the Southern Nevada economy due to the reliance on tourism as the city’s main economic driver. The leisure and hospitality industry requires physical labor and more face-to-face customer interaction than other employment sectors. Thus, these jobs often do not require high educational attainment, but rather sharp soft skills like effective listening, nonverbal communication, and negotiation strategies. While these are valuable traits, the lack of educational attainment within the leisure and hospitality workforce suppresses employees’ …

Economic Opportunity And Community Development Financial Institutions In Clark County, Ar And Beyond: An Analysis, Magdalena Hopkins

Economics Undergraduate Honors Theses

Arkansas is home to one of the greatest projects in the world of Community Development Financial Institutions: Southern Bancorp. Founded with the help and support of Bill Clinton, it pre-dates The Riegle Community Development and Regulatory Improvement Act of 1994, which is now used to fund similar Community Development Financial Institutions. According to the Opportunity Finance Network (2022), there are more than 1,200 Community Development Financial Institutions in the United States. These institutions span the country and operate in unique communities. The CDFI Coalition (2017) cites Arkansas as having 19 Community Development Financial Institutions in the state. It is important …

A Garch Approach To Modeling Chilean Long-Term Swap Yields, Tanweer Akram, Khawaja Mamun

WCBT Working Papers

This paper econometrically models the dynamics of the Chilean interbank swap yields based on macroeconomic factors. It examines whether the month-over-month change in the short-term interest rate has a decisive influence on the long-term swap yield after controlling for other factors, such as the change in inflation, change in the growth of industrial production, change in the log of the equity price index, and change in the log of the exchange rate. It applies the generalized autoregressive conditional heteroskedasticity (GARCH) approach to model the dynamics of the long-term swap yield. The change in the short-term interest rate has an economically …

Aggregate Online Brand Name Pharmacy Price Dynamics For The United States And Mexico, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

Virtual cross-border medical tourism allows many residents in the United States to purchase brand name medicines from companies in Mexico without travelling there. Monthly economic reports indicate that the online brand name pharmaceutical product prices in Mexico are noticeably lower than the corresponding internet prices in the United States. There have been very few econometric studies on how these prices are linked and the dynamic nature of those relationships. Results in this study indicate that online medicine prices in Mexico respond very rapidly to online prices changes in the high-price market.

Borderplex Business Barometer, Volume 6, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Perception And Play: Consumer Perceptions Of Craft Breweries And The Impacts Of Tourism Expenditures On Economic Health, Anne Wade

All Theses

This thesis evaluates two different strategies local leaders use to support and grow their economies. The first evaluates how residents from across the American South view and understand their experience of local craft breweries. The second evaluates the effects of direct tourism spending and direct tourism tax receipts on important measures of resident well-being in the twenty-three county Western North Carolina region. The first chapter in this thesis evaluates the overall consumer perception of the growing craft brewing industry within the states of Kentucky, South Carolina, North Carolina, Tennessee, Alabama, and Louisiana and what factors affect this perception. It uses …

Public Policy, Economic Development, And Taxes: An Impact Analysis Of Business Incentive Strategies At The State And Local Level, Richard Nanney

All Dissertations

In an effort to promote economic development, state-level policymakers have exercised discretion over the use of public money to incentivize subsidy packages for decades. Estimates suggest state governments spend approximately $50 billion annually on these initiatives. However, there has been little empirical research about the political and economic benefits received by local residents from these subsidy programs. This dissertation analyzes the effectiveness of state subsidy policy by considering induced economic spillover effects and population attrition rates. It examines how subsidy distribution is related to employment rates, average weekly wages, and population attrition. The project offers two methodological innovations. First, to …

Investing In Democratic Countries: An Investigation Of Democracy And Fdi, Maxwell Lajeunesse

Honors Projects in Economics

In this paper, the relationship between Foreign Direct Investment (FDI) inflows and democracy levels of upper-middle income nations using three different measures of democracy is investigated. An empirical analysis across the years 2010 through 2018 was conducted, using the democracy indicators and data from the United States Agency for International AID (USAID). These democracy indicators are the EIU Democracy Index, Polity5, and IDEA Global State of Democracy Indices. The importance of this research revolves around the benefits of FDI inflows and how countries may capitalize on these benefits. Additionally, FDI has increased rapidly in the past 20 years and democracy …

Nebraska Monthly Economic Indicators: April 20, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.89% during March 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals continued economic growth in Nebraska through the 3rd quarter of 2022. The indicator improved for two primary reasons. First, initial claims for unemployment insurance fell during March suggesting continued strength in the Nebraska labor market. Second, respondents to the March Survey of Nebraska Business reported plans to increase sales and employment. By contrast, building permits for single-family homes fell during the month. There also was an increase in the value of the U.S. …

Apakah Penerapan Desentralisasi Memberikan Dampak Yang Tidak Baik? Studi Permukiman Kumuh Di Jabodetabek, Meila Husna, Muhammad Halley Yudhistira

Jurnal Kebijakan Ekonomi

The implementation of decentralization should have a positive impact on regional progress. Since its implementation in 2001, decentralization in Indonesia has become deeper and wider. Using the slum settlement policy as a study approach, this study will examine the impact of decentralization and how persistent these impacts are. The estimation results using RD-DiD shows that the implementation of decentralization has a negative correlation with the arrangement of slums in the Jabodetabek area. The area of slums is 45% greater than the year before decentralization or a non-decentralized area. Thus, in the aspect of structuring the slums, it can be concluded …

Does It Pay To Be Good? The Performance Of Indonesian Green Companies From 2009 - 2018, Ega Annisa Rizti, Berli Martawardaya

Economics and Finance in Indonesia

In Indonesia, KEHATI Sustainable and Responsible Investment (SRI) Index, hereafter referred to as SKI, aims to raise public awareness and help pro-environmental investors by selecting 25 highly rated public companies that adhere to the internationally accepted green business standard. This paper compared the financial performance of the companies listed in SKI and their counterparts between the period of January 2009 and December 2018 by predicting their future opening price of stock, comparing the performance of SKI to JKSE market index, and examining their financial performance using ROA and ROE as dependent variables. The findings suggest that being included in SKI …

The Impact Of Foreign Investment On Firm Performance: Indonesia After The 2007 Fdi Reform, Nauval Hafiluddin, Arianto Arif Patunru

Economics and Finance in Indonesia

Foreign Direct Investment (FDI) plays a crucial role in the economy of Indonesia. The new FDI law passed in 2007 serves as a new milestone in the FDI regime in Indonesia. As the country implements the new regulation, the impact of foreign investment on firm performance becomes an interesting subject. This paper aims to estimate the effect of foreign investment on the productivity and contribution of firms in relation to the new FDI law in Indonesia. This study employed a combination of Propensity Score Matching (PSM) and Difference-in-Differences (DiD) methods to eliminate endogeneity problems and to examine causality. We discover …

Why The Rate Of Return Of Religious School (Madrasah) Is Too Low: The Case In Indonesia, Elfindri Elfindri, Edi Ariyanto, Sri Maryati, Delfia Tanjung Sari

Economics and Finance in Indonesia

Religious schools (madrasah) in Indonesia have contributed to fulfilling the equity goals of education. Up to this point, studies on the rate of return of madrasah and its relation to general or vocational education remain limited. In contrast to the previous studies that omit madrasah from their analysis, this study pay greater attention to this particular type of education. By adopting the Mincerian model of the human capital and applying the semi-log earnings function to the 2012 data of the National Socioeconomic Survey (SUSENAS) of Indonesia, this study discovers that the rate of return of graduates from madrasah is considerably …

The Future Of Family-Operated Resort-Destinations, Colton L. Casselman

Political Science Theses and Capstones

The tourism industry, one of the largest in the world, is arguably one of the most volatile industries we look at. Through the varying sub-sectors of tourism, we narrow in on the family resort industry, predominately in the upper Midwest. You may hear me refer to them as Family-Operated-Resort-Destinations, but they serve unique clientele in a unique way. This industry faces immense pressure from mild tax code changes, politicians, DNR regulations, fishing quality, climate change, gas prices, foreign affairs and more. During this paper, I will examine the future of Family-Operated-Resort-Destinations.

Mexico Consensus Economic Forecast, Volume 25, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Essays On Socioeconomic Shocks And Policies In Agriculture, Wilman Iglesias

Department of Agricultural Economics: Dissertations, Theses, and Student Research

The three chapters of this doctoral dissertation estimate the responses of agricultural productivity, production value of agriculture, and crop supply to some external shocks and policies. Using unique panel datasets for Colombia and the United States, this research provides new insights regarding the responsiveness of agriculture to some socioeconomic effects and related market policies. Chapter 1 studies the impact of armed conflicts in rural areas on legal agricultural productivity in Colombia by using a production function that includes violence shocks such as the forced intra-national displacement of the rural population from 1995 to 2017. Chapter 2 investigates the effect of …

Borderplex Business Barometer, Volume 6, Number 4, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Las Cruces Housing Price Dynamics: 1971-2019, Steven L. Fullerton, Thomas M. Fullerton Jr.

Border Region Modeling Project

To examine housing price dynamics for Las Cruces, New Mexico, a theoretical model is developed that takes into account the supply and demand sides. The ARDL estimation methodology employed allows for more realistic market dynamics than prior studies of this residential real estate market, the second largest in New Mexico. A slightly larger sample size is also utilized. Results obtained corroborate evidence reported in several previous housing studies. Some unexpected outcomes also indicate that consistently reliable interlinkages between housing prices and explanatory variables may be elusive. Among the latter, an inverse relationship between apartment rents and single-family housing prices is …